| Season | 1937–38 |
|---|---|
| Champions | Raith Rovers |
| Promoted |
Raith Rovers Albion Rovers |
|
← 1936–37
1938–39 →
|
|
The 1937–38 Scottish Second Division was won by Raith Rovers who, along with second placed Albion Rovers, were promoted to the First Division. Brechin City finished bottom.